MA European Studies (Double Degree)
The MA European Studies program at the University of Limerick offers a comprehensive ex...
Bachelor of Science in Financial Mathematics
Limerick
INTAKE: September
Program Overview
The Bachelor of Science in Financial Mathematics program at the University of Limerick combines mathematical and statistical methods with finance theory to prepare students for careers in the financial sector. It provides a comprehensive understanding of mathematical modeling, risk management, and financial analysis, equipping students with the skills needed to navigate the complexities of modern finance.
Curriculum: The curriculum covers a wide range of topics, including calculus, probability theory, statistics, financial economics, and computational methods. Students also study specialized topics such as derivatives pricing, asset valuation, portfolio management, and stochastic processes. The program emphasizes practical applications through hands-on projects, case studies, and internships, allowing students to develop real-world problem-solving skills.
Research Focus: The Bachelor of Science in Financial Mathematics program encourages research in areas such as quantitative finance, mathematical modeling of financial markets, risk assessment, and algorithmic trading. Students have opportunities to engage in research projects, collaborate with faculty members, and contribute to advancements in the field of financial mathematics.
Industry Engagement: The program maintains strong ties with the financial industry, offering guest lectures, industry seminars, and networking events to connect students with professionals in the field. Students also have access to internship opportunities with leading financial institutions, allowing them to gain practical experience and develop industry-specific skills.
Global Perspective: The Bachelor of Science in Financial Mathematics program provides a global perspective on financial markets and practices. Students learn about international financial systems, regulatory frameworks, and global economic trends. They also have opportunities to participate in study abroad programs, international conferences, and exchange programs, enhancing their understanding of global finance.
Location
Limerick
Score
IELTS 6.5
Tuition Fee
€ 21000
Undergraduate Entry Requirements
Application Fee: € 50
Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 70% or above in their previous academic qualifications.
English Language Proficiency:
- IELTS: Overall band score of 6.0 or 6.5 with a minimum of 5.5 in each component.
- TOEFL: Overall score of 90 with a minimum of 21 in each section.
- PTE: Overall score of 61 with a minimum of 59 in each section.
- DET: Overall score of 120 with no section score below 110 is required.
Students must provide:
- academic marksheets & transcripts
- letters of recommendation
- a personal statement - SOP
- passport
- other supporting documents as required by the university.
It's important to note that entry requirements can vary by program and may change over time. Additionally, some programs may have additional requirements, such as interviews, portfolios, or work experience.
The University of Limerick (UL) is supporting the academic aspirations of international students by offering various scholarship opportunities that recognize academic excellence, talent, and diverse backgrounds.
Merit-Based Scholarships: UL provides a range of merit-based scholarships for international students based on academic achievements, varying from undergraduate to postgraduate levels. These scholarships are awarded to high-achieving students who demonstrate exceptional academic performance.
Country-Specific Scholarships: The university also offers scholarships specifically tailored to students from certain countries or regions. These scholarships aim to encourage diversity and attract exceptional talent from different parts of the world, providing financial support to deserving candidates.
Sports Scholarships: UL values sporting achievements and offers scholarships to international students who excel in sports. These scholarships support athletes pursuing their academic goals while representing the university in various sporting events.
Graduates of the Bachelor of Science in Financial Mathematics program from the University of Limerick are well-equipped for a variety of career paths in the financial sector.
Quantitative Analyst: Quantitative analysts, or "quants," use mathematical and statistical models to analyze financial markets, develop trading strategies, and manage risk for investment banks, hedge funds, and asset management firms. Graduates with a background in financial mathematics are in high demand for these roles due to their strong quantitative skills.
Risk Analyst: Risk analysts assess the financial risks faced by organizations and develop strategies to mitigate them. They analyze market data, identify potential risks, and recommend risk management solutions. Graduates with a degree in financial mathematics are well-suited for roles in risk management departments of banks, insurance companies, and financial institutions.
Financial Consultant: Financial consultants provide advice on investment strategies, financial planning, and risk management to individuals and organizations. They help clients make informed decisions about managing their finances and achieving their financial goals. Graduates with a background in financial mathematics can pursue careers as financial advisors or consultants in consultancy firms, wealth management firms, or as independent consultants.
Actuary: Actuaries analyze financial risks and uncertainties using mathematical and statistical methods. They assess the financial impact of future events, such as accidents, natural disasters, or changes in financial markets, and help organizations make decisions to minimize risk. Graduates with a degree in financial mathematics can pursue careers in insurance companies, pension funds, or actuarial consulting firms.
Financial Analyst: Financial analysts evaluate investment opportunities, analyze financial data, and prepare reports to help organizations make informed investment decisions. They assess the performance of stocks, bonds, and other financial instruments and provide recommendations based on their analysis. Graduates with a background in financial mathematics are well-suited for roles as financial analysts in investment banks, asset management firms, or corporate finance departments.
Data Scientist: Data scientists use mathematical and statistical techniques to analyze large datasets and extract insights that can inform business decisions. In the financial sector, data scientists work with financial data to develop predictive models, detect patterns, and optimize trading strategies. Graduates with a degree in financial mathematics and strong programming skills are well-positioned for roles as data scientists in financial services companies or fintech firms.
Investment Banker: Investment bankers facilitate corporate finance transactions such as mergers and acquisitions, initial public offerings (IPOs), and debt or equity issuances. They advise companies on fundraising strategies, valuation, and deal structuring. Graduates with a background in financial mathematics can pursue careers in investment banking as analysts or associates, working for investment banks or corporate finance advisory firms.
Portfolio Manager: Portfolio managers oversee investment portfolios on behalf of individuals, institutions, or investment funds. They make decisions about asset allocation, security selection, and risk management to optimize portfolio performance. Graduates with a degree in financial mathematics and a strong understanding of financial markets are well-suited for roles as portfolio managers in asset management firms, hedge funds, or pension funds.
Financial Software Developer: Financial software developers design and develop software applications used in financial modeling, trading systems, risk management, and data analysis. They write code, test software, and implement algorithms to support various financial functions. Graduates with a background in financial mathematics and programming skills can pursue careers as financial software developers in fintech companies, investment banks, or software development firms.
Economist: Economists study the production, distribution, and consumption of goods and services and analyze economic data to understand trends and forecast future developments. They conduct research, prepare reports, and provide economic analysis and policy recommendations to governments, organizations, and businesses. Graduates with a degree in financial mathematics and economics can work as economists in government agencies, research institutions, or multinational corporations.
